MIT released blockhain-based diplomas

Over 100 graduates of Massachusetts Institute of Technology received blockchain-based digital diplomas
21 October 2017   1226

More than one hundred graduates of the Massachusetts Institute of Technology (MIT) received digital diplomas issued using blockchain of Bitcoin. This is reported by CoinDesk.

As representatives of the university explained, the Blockcerts Wallet application was used to issue "verified" and "counterfeit" digital versions of diplomas. The software project also involved Learning Machine, which last year, in conjunction with the Laboratory of Media Lab Massachusetts Institute of Technology was developing an open standard called Blockcerts.

From the beginning, one of our primary motivations has been to empower students to be the curators of their own credentials. This pilot makes it possible for them to have ownership of their records and be able to share them in a secure way, with whomever they choose.
 

Mary Callahan
Registrar and senior associate dean, MIT

According to representatives of the Learning Machine, MIT - one of the first universities in the world that issued education documents using the technology of the distributed registry.

People can own and use their official records, which is a fundamental shift.
 

Chris Jagers
Co-founder and CEO, Learning Machine

According to him, security provided by blockhain is much more important than other aspects, such as speed, costs or ease of use.

It should be noted, however, that the diploma itself is not kept in the blockchain - the system only provides a timestamp, which indicates that MIT has created a digital record for a particular certificate. At the same time, these data are enough to allow graduates of the university to confirm the diploma availability in the future.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   59

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.
 

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.